Sep 24, 2012 6:00am PDT
: governor mitt romney now talking taxes laying out the specifics of his tax plan last night on "60 minutes". the republican nominee said he will cut rates for everyone but that doesn't necessarily mean your bill will drop. listen. >> all the rates come down but lest people think there will be huge reduction in the taxes we owe that is not the case. we'll limit deductions and exemptions particularly for people at the high end because i want to keep the current progressivety from the code. there is no tax reduction for high income people. i would like to get a tax deduction for middle mcfamilies by eliminating the tax on middle income families on capital gains. bill: there is lot spoken on the 30 second sound bite. stuart good morning to you. >> good morning bill. bill: size up what he said than he have two specifics. >> you can't reduce this to a simple one-liner. this is not herman cain's 9-9-9. there is no easy way to reduce what governor romney has to say about taxes and tax reform into an easy one-liner. here is what you can say. he would lower tax rates, he would cut loopholes.